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Money and credit - Ivanov V.М.

Control questions

1. List the functions of money.

2. Give the definition of the function of money as a means of circulation.

3. The content of the function of money as a measure of value.

4. In what ways can people keep their wealth?

5. What money serves as a means of payment?

6. Name the changes that occurred in the function of world money.

Tests for self-control

1. Money as a measure of value is:

A) the ability of gold to express commodity values;

B) the ability of gold to be in a relative form of value;

C) the ability of money to measure the value of all goods;

D) the ability of money to determine the price of goods;

E) the answers a), c) are correct;

E) all answers are incorrect.

2. The means of circulation are:

A) distribution system of goods and services;

B) the transition from one measure of value to another;

C) money used to purchase goods and services, as well as to pay debts;

D) the answers a), b) are correct;

E) all answers are incorrect;

F) all the answers are correct.

3. Money can be a means of accumulation because of the inherent liquidity, by which they understand:

A) the possibility of using the asset as a means of payment;

B) an asset that can be easily converted into a means of payment;

C) an asset with a fixed nominal value;

D) answers a), c) are correct;

E) all the answers are correct.

4. Money serves as a means of payment in such cases:

A) there is no direct exchange of goods for money;

B) money appears in the form of an independent exchange value;

C) there is a need to buy and sell goods on credit;

D) answers a), c) are correct;

E) all answers are incorrect.

F) all the answers are correct.

5. In the function of world money, there have been such changes:

A) wide use of gold and platinum ingots as functional forms of world money;

B) the general recognition by means of payment of convertible national credit money and international accounting monetary units;

C) use of gold only in extreme cases;

D) the answers b), c) are correct;

E) all answers are incorrect;

F) all the answers are correct.